1 / 8

University of Florida Foundation

University of Florida Foundation. UF Foundation. Mission is to raise and manage private donations for University Programs 501 (c)3 not-for-profit Direct Support Organization (DSO) of the University Gifts of cash, securities, real property, equipment, art work, etc… Issue gift receipts

dennis
Download Presentation

University of Florida Foundation

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. University of Florida Foundation

  2. UF Foundation • Mission is to raise and manage private donations for University Programs • 501 (c)3 not-for-profit • Direct Support Organization (DSO) of the University • Gifts of cash, securities, real property, equipment, art work, etc… • Issue gift receipts • Maintain central gift records

  3. Gifts received • Gifts received are placed into a unique Source of Fund (SOF) number • Allows us to track revenues and expenses for each SOF number • Allows campus to view the particular donor intent and ensure that monies are being expensed in accordance with donor wishes • Each fund is assigned a fund administrator • Fund Administrator - Primary responsibility is to ensure donor intent

  4. Financial Accounting System (FAS) • The goal of this site is to make information accessible to fund administrators • Information obtained from FAS is considered confidential and not for public use • Shows fund balance, gifts to the source of fund, expenditures • Most importantly – Shows a brief description of the donor restrictions for each source of fund

  5. CAMPAIGN COUNTING • Fundraising counting versus GAAP • VSE = Voluntary Support of Education • Endowment market value • One big bucket of money? • Approximately 2700 individual endowments are pooled together for investment purposes • Current Endowment Policy included in your packet

  6. University of Florida Investment Corporation (UFICO) • Created in July 2004 • Separate DSO • Handles all of the UF Foundation’s investments as well as other DSO’s investments directly • Current challenging financial markets

  7. www.uff.ufl.edu • Fundraising and source of fund management policies • Listing of UF Foundation departments and staff contact information • Forms for transacting business with the UF Foundation • View under Library section on the webpage • Expenditures from a professorship/chair and scholarship/fellowship included in packet today

  8. ANY QUESTIONS? Alan West, CPA Controller, UF Foundation awest@uff.ufl.edu 392-5958

More Related